Overview of SoFi Invest fees and charges
It's safe to say that SoFi Invest's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use SoFi Invest even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of SoFi Invest's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $0 per trade |
| EURUSD fee | - | Not available |
| US tech fund fee | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at SoFi Invest. To check and compare fees at other brokers, go to our main Fee calculator page.
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SoFi Invest fees
SoFi Invest fees explained
We compare SoFi Invest fees with its closest competitors, Alpaca Trading and Robinhood.
SoFi Invest fees
SoFi Invest trading fees
SoFi Invest's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at SoFi Invest.
Trading fees
SoFi Invest's trading fees are low.
Stock fees and ETF fees
SoFi Invest has low stock trading fees.
| SoFi Invest | Alpaca Trading | Robinhood | |
|---|---|---|---|
| US stock | $0.0 | $0.0 | $0.0 |
| UK stock | - | - | - |
| German stock | - | - | - |
Financing rates
SoFi Invest financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| SoFi Invest | Alpaca Trading | Robinhood | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
SoFi Invest fees
SoFi Invest non-trading fees
When it comes to looking at all the non-trading fees SoFi Invest is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at SoFi Invest that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| SoFi Invest | Alpaca Trading | Robinhood | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
SoFi Invest fees
SoFi Invest deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and SoFi Invest is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods SoFi Invest offers.
| SoFi Invest | Alpaca Trading | Robinhood | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
SoFi Invest fees
SoFi Invest withdrawal fee
Unlike some online brokers we have reviewed SoFi Invest does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| SoFi Invest | Alpaca Trading | Robinhood | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
SoFi Invest fees
SoFi Invest inactivity fee
SoFi Invest does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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